Bagong Listahan
Not too much to say about this one other than you're going to make around 11% NET RETURN ON INVESTMENT at asking price. Term deposits in the bank are around 4.5% now, this isn't really a question of why you should buy this it's a question of how can you not buy this?
The numbers:
Rental Income: $550/week (fixed until 3 January 2026) = $28,600/annum
less Expenses:
• Ground Rent: $12,377.32/annum
• Operating Expenses: $4,715.52/annum
• Council Rates: $1,527.83/annum
= NET INCOME: $9,979.33
You know the location, walk to Auckland University, Queen Street, K' Road, but it's all about the numbers.
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